In case you forgot, today is jobs report day. (I mean, who can forget? It’s the first Friday of each month unless the first Friday comes too early in the month. Ok, fine, that sounds complicated enough to forget.) Anyway, the jobs report is kind of a stinker- whereas the economy had been adding about 200,000 jobs per month in the recent past, it added only 74,000 in December. The unemployment rate is in fact lower in December, at 6.7%, but that is largely because people have been dropping out of the labor force, which isn’t really a good thing.
Spoiler alert: The silver lining alluded to in the preview below is that the post author doesn’t think that the numbers are real. =P
The jobs numbers are lousy. But the reality of the economy probably isn’t as bad as they appear.